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![What is Bill of Materials Management Software?](https://fortunetelleroracle.com/online-marketing/public/index.php/upload/media/posts/2021-06/22/what-is-bill-of-materials-management-software_1624340246-b.jpg)
Want to assure timely and accurate production? Get Bill of Materials Management software ASAP.
Understanding ‘What BOM is?’ and ‘Why is it important for production?’- BOM Management software:
· Acts as a single source of product information with all related details like the raw materials, intermediates, packaging material, along with their quantity and cost.
· Keeps a track of different versions for the change(s) made along with the reason(s) justifying the change(s).
· Generates a report displaying the hierarchical structure of the finished good, fulfilling the need of manufacturing right product with right materials.
· Offers ‘What-if’ analysis to calculate profitable cost.
· Empowers authorization to read/write BOM ensuring data security.